Chipotle Mexican Grill CMG Operating margin
Operating margin at other companies
Other financials
Where this comes from
Calculated from Chipotle Mexican Grill’s reported figures.
Based on trailing twelve months.
The official record: Chipotle Mexican Grill’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →
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Questions, answered.
- What is Chipotle Mexican Grill's operating margin?
- Chipotle Mexican Grill (CMG) reported operating margin of 15.3% in Q1 2026.
- How has Chipotle Mexican Grill's operating margin changed year-over-year?
- Chipotle Mexican Grill's operating margin decreased by 10.2% year-over-year, from 17% to 15.3%.
- What is the long-term trend for Chipotle Mexican Grill's operating margin?
- Over 4 years (2021 to 2025), Chipotle Mexican Grill's operating margin has grown at a 16.1% compound annual growth rate (CAGR), from 36.5% to 66.3%.
- What does operating margin mean?
- The profit left from core operations for every dollar of sales, before interest and taxes.
- How do you interpret operating margin?
- Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
- How does operating margin compare across companies?
- Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.